Heisenberg Macro As the Fed is on the verge of embarking reducing the balance sheet i.e. Quantitative Tightening, the song by Gloria Estefan, the three time Grammy award winner and one of the first Latin artists to break into international markets, comes to mind. For most of the past decade-and-half, beginning in November 2008, there has been a QE program in action somewhere in the world. It has been a golden era for asset performance but the QE impact cuts both ways. The reversal will likely usher an era of challenges for portfolios constructed during the QE period.
Cuts Both Ways
Cuts Both Ways
Cuts Both Ways
Heisenberg Macro As the Fed is on the verge of embarking reducing the balance sheet i.e. Quantitative Tightening, the song by Gloria Estefan, the three time Grammy award winner and one of the first Latin artists to break into international markets, comes to mind. For most of the past decade-and-half, beginning in November 2008, there has been a QE program in action somewhere in the world. It has been a golden era for asset performance but the QE impact cuts both ways. The reversal will likely usher an era of challenges for portfolios constructed during the QE period.